San Antonio, Texas – The North American Development Bank (NADBank) and Sol Orchard Imperial 1, LLC executed a US$22.9 million loan increase to support capital investments, including replacement of all the inverters in the El Centro Solar Park, owned by Excelsior Energy Capital, in El Centro, California, to increase energy production.
Moody's has now completed the periodic review of a group of issuers that includes the North American Development Bank and may include related ratings through a discussion held on 3 November 2021. The review did not involve a rating committee, and this publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future; credit ratings and/or outlook status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
The U.S. Environmental Protection Agency (EPA), in coordination with the North American Development Bank (NADB), has selected eight environmental and public health projects to be implemented on both sides of the border through the new Border 2025 U.S.- Mexico Environmental Program.
NADB is pleased to announce a Request for Proposals (RFP) for projects in the New Mexico-Texas-Chihuahua and Texas-Coahuila-Nuevo Leon-Tamaulipas border regions. The projects selected under this RFP will meet the goals and objectives of the Border 2025 U.S.-Mexico Environmental Program, whose mission is to protect the environment and public health in the U.S.-Mexico border region. The U.S. Environmental Protection Agency (USEPA) Region 6 and NADB will be hosting four ZOOM webinars.
NADB and the Agua Special Utility District (Agua SUD) signed a US$1.79 million loan agreement for the refinancing of existing debt that will help the utility reduce debt service obligations and increase available cash flows for the maintenance and operation of existing infrastructure. This operation will also lessen the need to raise rates and help the utility to continue providing water and wastewater services for the benefit of its customers in the communities of Hidalgo and Starr Counties in Texas.
NADB is proud to present the Border Environmental Forum XXV (BEF XXV). Keynote speakers include: The Honorable Esteban Moctezuma, Ambassador of Mexico to the U.S., Norman F. Anderson, President and CEO of CG/LA Infrastructure and author of Vision: Our Strategic Infrastructure Roadmap Forward, and Trinity Lloyd, Energy Transition and Sustainability Leader of Google Cloud, among others.
NADB is pleased to present the Border Environmental Forum XXV which will be held on August 17th and 18th, 2021 at the Westin Riverwalk Hotel in San Antonio, Texas. On-line registration available to live stream the forum.
The North American Development Bank (NADB) and the Lower Valley Water District (LVWD) signed a $23.05 million loan for the expansion and improvement of the existing water distribution and wastewater collection systems, which will directly benefit more than 9,000 residents in various unincorporated areas of El Paso County, Texas. The loan was executed today in the form of unlimited tax bonds.